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Tokio Millennium Re's ILS arm announces departure of co-CEO

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Switzerland-based Tokio Millennium Re A.G.'s reinsurance, insurance-linked securities and third-party capital arm Tokio Solution Management Ltd. has announced the departure of its co-chief executive Susan Lane, Artemis.bm reported. Tokio Solution's board said that it is simplifying the management structure as a result of a strategic review following the evolution of Tokio Millennium Re's third-party reinsurance capital strategy. Ms. Lane has been co-chief executive since November 2015. Tsuyoshi Harigai will now be the sole chief executive at Tokio Solution.

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